$FTT has surged over 30% in the last 24 hours, reaching $0.6146. The move is being driven by speculation and notable capital inflows (over $1.1M USDT), but the risk profile remains extremely high.
🟢 Bullish Factors
• Capital Inflows: Large transactions exceeding $1M USDT fueled the upside move.
• Momentum: EMA(7/25/99) alignment is bullish, supported by a strong MACD trend.
• Sentiment: Short-term traders are treating this as a speculative rebound.
🔴 Key Risks
• Extreme Overbought: RSI(6) at 91.82 signals overstretched conditions and elevated pullback risk.
• Creditor Payout Risk: Potential creditor compensation starting mid-January could trigger heavy sell pressure.
• No Fundamentals: There are no utility or project developments supporting the rally.
Overall, the move is momentum-driven and speculative, with heightened volatility and downside risk.
#FTT #CryptoMarkets #Volatility #RiskManagement
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0.07782
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